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Real Estate News
What The GTA Housing Market Can Expect In 2025
What can we expect come 2025? Is the growth we've seen sustainable? What will sell? Who will buy? Prices? Ahead of the new year, STOREYS spoke to experts and insiders to get an idea of how 2025 could play out.
Dec 12, 2024
Multifamily
Starlight Buys Victoria Property Under Receivership For $23.5M After Bidding War
The 87-unit rental building at 4026 Quadra Street in Victoria was previously owned by Asfar Holdings Ltd. when it was placed under receivership in March.
Economy
Bank Of Canada Pulls Trigger On Second 50 Bps Interest Rate Cut
Wednesday’s decision — the last of the year — brings the policy rate down to 3.25%.
Economy
Where Every Big Bank Stands On Wednesday's Interest Rate Announcement
For the last interest rate announcement of 2024 — slated for Wednesday, December 11 — the question is (once again) not will the Bank of Canada lower the rate, but by how much.
Tudor-Style North Saanich Estate In BC Hits Market For $2.4M
The beautiful home sits at 1345 Readings Drive in North Saanich, located on Vancouver Island in British Columbia.
Policy
Planning & Housing Committee Tackles Offices, Mid-Rises, And Missing Middle
At a Committee meeting on Thursday, councillors adopted a number of items that tackle the missing middle, optimizing building guidelines, and addressing office vs. housing needs throughout the City.
Community
Bob Rennie Cries Foul After New Vancouver Art Gallery Plans Scrapped
A chunk of Rennie's collection will go to the National Gallery of Canada instead of his hometown Vancouver.
Urbanity Fair
My Condolences, Toronto: Your Downtown is Dead
Downtown Toronto is becoming less vibrant, less livable, and less economically significant. And Toronto, the city that prides itself on being world-class, can’t afford that.
Industry
Thind Sells Hotel Component At 48-Storey Highline Metrotown For $47.2M
The hotel will be known as Hyatt Place Metrotown and be housed in the 10-storey building podium of Thind's Highline tower in Burnaby.
Appointment Notices
Brett Armstrong Named Managing Director Of Avison Young Vancouver
Brett Armstrong, who relocated from Toronto to Vancouver a few months ago, takes over the Managing Director role as of December 2.
Mortgages
Canadian Mortgage Delinquencies Ease Amid Bank Of Canada Rate Cuts
While the phrase ‘mortgage delinquency’ may incite feelings of doom, gloom, and dread, a just-released report from Equifax comes through with a (relatively) positive swing.
Policy
Vaughan "Dramatically" Drops Development Charge Rates
In particular, the development charge rate for low-rise residential has been brought down by over $44,000, the City of Vaughan said.
Industry
Construction On The One Threatened By Potential Lawsuit Against Receiver
The potential lawsuit is coming from Mappro Realty, the owner of an adjacent property, over the staging area being used for construction of The One.
Real Estate News
Canadian Home Sales Reach Highest Level Since April 2022
Though the Bank of Canada has delivered four interest rate cuts since June, including a healthy 50-bps cut in October, the growth in sales is being attributed to a jump in listings.
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